Health Economist Internship

Role Summary

• Responsibilities: In this role, you will gain hands-on experience in designing, developing and communicating health economic models alongside our experienced Health Economics team who will provide one-to-one training and mentoring throughout the internship
• Compensation: $26 to $32 per hour depending on experience
• Benefits: Hybrid working option (work from home up to 1 day per week), generous vacation leave allowance, flexible working hours, access to medical, dental and vision insurance, as well as funded social activities
• Role Type: Full-time, 3-month or 6-month internship
• Start Date: We are currently recruiting for start dates in June and you will be asked to state your availability on your application form
• Location: This role is available in our Boston office

About the Role

This position is ideal for current students and recent graduates with a degree in an economic, mathematical or computer science discipline seeking to gain an insight into life at a fast-growing consultancy serving clients from the pharmaceutical industry.

You will get the opportunity to join a growing Health Economics team and gain hands-on experience in designing, developing and communicating health economic models. These can range from simple costing tools to substantially more complicated models that aim to demonstrate the value of products and therapies to reimbursement agencies.

The Health Economics team at Costello Medical develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicate these insights to a variety of stakeholders in the healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models are typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques. Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics. The models developed by our Health Economics team have real-world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making.

Producing an economic evaluation therefore requires Health Economics Interns to:

• Research and critically appraise medical and economic literature
• Work collaboratively and build relationships with colleagues
• Understand theoretical health economic frameworks and apply these to the project at hand
• Build high-quality, technically robust and clinically valid models in Microsoft Excel
• Interpret and analyze model results, producing technically accurate written reports of methodologies and outcomes

Health Economics Interns at Costello Medical receive one-to-one training on the technical aspects of the role and learn about project management and effective communication with clients. In this role, you will typically be working on approximately three projects at any one time.

Hybrid Working Policy: We recognize that home-working can improve work life balance, reduce commuting times and costs, and provide the opportunity to juggle personal commitments. At the same time, we believe that having face-to-face time in the office holds many benefits and is central to ensuring that the community we have created, where people have a workplace they belong to and feel part of, is never lost. Given the wealth of training, mentorship and development opportunities that are available as part of our internship programs, time spent in the office is even more crucial. Therefore, our Interns are able to work from home for 1 day per week.

Career Prospects After the Internship

During the internship program, there is the opportunity for strong candidates to apply for the Health Economist role and join our expanding team on a permanent basis. On average, 60% of our Health Economics Interns in our UK offices move into a permanent role with Costello Medical. We are hopeful that a similar percentage or more will progress into permanent roles in this new US internship program. To learn more about the benefits that we offer for permanent roles, please click here: https://www.costellomedical.com/careers/working-at-costello-medical/benefits-package-in-the-us/

To learn more about the personal and professional development we offer at Costello Medical, please click below to read firsthand accounts from our colleagues about their time with the company: https://www.costellomedical.com/careers/working-at-costello-medical/

Requirements

About You

This internship is suited to recent graduates and post-graduates, as well as current students who are permitted to complete full time internships either during the holidays or as a placement as a part of their degree. Please note that we do not recommend completing the Health Economics Internship program at the same time as studying, completing a dissertation or writing a PhD thesis due to the competing demands of your workload in your course and the role.

Qualities and experience required include:

• A degree level or higher qualification in a relevant discipline (minimum GPA 3.3 or equivalent). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science
• High school mathematics (minimum B grade or equivalent). AP/IB mathematic courses (minimum B grade or equivalent) are preferential but not required
• The ability to pay close attention to detail
• Strong organizational skill, the ability to plan your own work effectively and demonstrate flexibility to respond to changing deadlines
• The ability to communicate mathematical and economic material clearly in both written and oral form to both experts and non-experts
• A problem-solving mindset and eagerness to work both independently and collaboratively to find solutions
• Demonstrating integrity, a proactive approach to your work, and a keen interest in developing your skills

In addition, advanced skills in Excel and/or R would be an advantage, but are not a necessity. Although no previous health economics experience is required, you must be able to display a genuine interest in healthcare and an eagerness to learn about new areas of health economic modelling. This role is suited to those with a curious mind and the desired to contribute above and beyond in projects.

Benefits

About Costello Medical

Costello Medical is a rapidly growing global healthcare agency specialising in medical communications, market access, and health economic and outcomes research. We work with a wide range of clients, including the industry’s most successful pharmaceutical and medical technology companies, patient and public health bodies, and charitable organisations. We have been listed in the Top 100 Best Companies to Work For list since 2017, the Boston Globe’s Top Places to Work list in 2025, and were proud to receive B Corporation accreditation in 2022. Learn more about us, our work, and our mission on our website: https://www.costellomedical.com/

What We Offer

We offer a competitive hourly rate of $26 to $32 per hour, depending on experience, and you will be entitled to pro-rated vacation days, based on internship length. We are proud to be a certified B Corporation company as this certification is a testament to the exceptional team at Costello Medical and their steadfast commitment to being a force for good. We are therefore eager to welcome individuals who share this vision. We provide exceptional internal training, opportunities to work on pro bono and charitable projects, and regular company-funded social activities.

The Recruitment Process

Our recruitment process includes a video interview which can be conducted at your own convenience within the given time frame. Following this, you will also be sent a technical assessment and proofreading exercise. If successful, you will be invited to an interview with the Health Economics team. Our standard recruitment process lasts around 6 weeks however this can be adapted if necessary.

As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce and, throughout the recruitment process, there are a number of reasonable adjustments we can provide. Please click here to read more about this and contact the People Team via recruitment@costellomedical.com should you require reasonable adjustments at any stage.

While there are no set application deadlines, we strongly recommend applying as early as possible so that we can begin processing your application. The role will close when suitable candidates are found.

Please note that this role is available in our Boston office, which you can learn more about here: www.costellomedical.com/careers/locations

How to Apply

You are required to submit your resume and a cover letter via our online application form. In your cover letter, you must explain why you think you would be suited to the role and why you would like to join Costello Medical, with examples to support both. Your resume should clearly state the dates of all qualifications and grades achieved where applicable.

While we embrace Artificial Intelligence (AI) technologies to innovate and improve processes, we want to understand your unique skills and experiences throughout the recruitment process. Therefore, if you use AI to assist with your application, we recommend that you do not rely solely on this technology to generate your application materials. As your role may involve developing new written content from scratch and handling confidential data that cannot be uploaded to AI technology, it is important for us to assess your own skills and abilities.

Please contact the Talent Acquisition team at recruitment@costellomedical.com if you have any questions about the role or application process.

Visa Sponsorship

We welcome applications from international candidates, but we are unfortunately unable to provide visa sponsorship for working visas. Therefore, you must have the right to work in the US independently from the company. However, we are able to consider those on a temporary visa, such as an OPT or CPT visa.